Asian shares catch global equities rally, but oil slips

0
10
Published by
Reuters

By Alun John HONG KONG (Reuters) – Asian shares extended gains on Wednesday, continuing a global relief rally as markets found positive news in early reports about the potential impact of the Omicron variant, although overnight advances in oil prices began to peter out. “Markets are very sensitive to any slight new item relating to Omicron, and the absence of bad news is being taken very positively by equity markets, though – and I’m not a scientist – it seems too early to signal an all clear,” said Stefan Hofer, chief investment strategist for private bank LGT in Asia Pacific “With each new v…

Read More